Stellantis states it prepares to invest about 1.5 billion euros, or about $1.6 billion, in Leapmotor, a Chinese electrical lorry maker
ByThe Associated Press
October 26, 2023, 1: 01 AM
FILE – This picture reveals the Stellantis indication exterior the Chrysler Technology Center in Auburn Hills, Mich, on Jan. 19,2021 Stellantis strategies to invest about 1.5 billion euros, or about $1.6 billion, in Leapmotor, a Chinese electrical lorry producer, the business stated late Wednesday, Oct. 25,2023 (AP Photo/Carlos Osorio, File)
The Associated Press
BANGKOK — Stellantis strategies to invest about 1.5 billion euros, or about $1.6 billion, in Leapmotor, a Chinese electrical lorry producer, the business stated late Wednesday.
The European-based maker of Jeep and Ram and Leapmotor stated in a joint declaration that they haveactually formed a tactical collaboration and joint endeavor that intends to broaden the Chinese EV maker’s sales both inside and outside of China.
Stellantis stated it anticipates to advantage from Leapmotor’s “tech-first EV community” in China to fulfill its own targets for moving to electrical cars.
The financialinvestment will provide Stellantis an appr